Broad Arrow's first European auction nets more than R630m at Villa d'Este
UK-based Broad Arrow Auctions, in partnership with BMW AG, has wrapped up its first European sale with more than €31.17m (R632.7m) in total sales. The auction took place over two days at the Concorso d'Eleganza Villa d'Este in Italy, featuring a wide range of classic and modern cars, as well as boats and motorcycles.
Held on May 24 and 25 at Villa Erba, the auction saw more than 70 lots go under the hammer, with a 78% sell-through rate. The event attracted strong in-person attendance and was watched live by more than 8,000 viewers on YouTube.
A 1948 Ferrari 166 Spyder Corsa topped the results, selling for €7.54m (R153.1m). Never before offered publicly, the early Ferrari is regarded as one of the most original examples in existence. It was commissioned by one of the brand's first customers and has competed in historic events such as the Mille Miglia and Targa Florio.
Other notable results included a 1954 Siata 208S Spider, the last of 33 built, which sold for €1.75m (R35.5m).
Modern classics also drew international interest. A 2003 Honda NSX-R with just 15,800km on the clock attracted global bidding — including from South Africa — and set a new world auction record for the model at €934,375 (R19m). A 1989 Ferrari F40 Competizione sold for €2.31m (R46.96m), while a 2023 Ford GT went for €613,750 (R12.46m).
Motorcycle collectors were also catered for. A 1990 Ducati 851 F90 Corsa, previously owned but never ridden by the late John Surtees, sold for €81,250 (R1.65m).
Image: Supplied
A separate BMW-only sale took place on Saturday evening, featuring cars from private collections. A 1980 BMW M1, upgraded to Procar specification by BMW Motorsport, emerged as the top lot of the session, achieving €602,500 (R12.23m).
'Our Concorso d'Eleganza Villa d'Este auction has been a resounding success,' said Joe Twyman, VP of sales for Broad Arrow's EMEA Region. 'The opportunity to present such a spectacular collection of the world's most desirable cars on the shores of Lake Como at the world famous Concorso was a great way to launch our first European sale.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
TimesLIVE
5 hours ago
- TimesLIVE
Orbit in the money after promotion to Premiership
After making history by earning promotion to the Betway Premiership on Wednesday, Orbit College can bet on a better financial state next season. The Rustenburg-based club beat Cape Town City 1-0 in their last PSL promotional playoff clash to raise their points at the top of the table to an unassailable eight. Orbit's playoffs rivals Casric Stars and City, who are both on two points apiece, meet next for the irrelevant last match of the round-robin contest. For Orbit, being in the elite league means the club will receive a monthly grant of R2.5m from the league. The amount is a far cry from the R500,000 the Motsepe Foundation Championship (MFC) clubs get per month. That means Orbit will go from receiving R6m per annum to R30m. Orbit are also guaranteed appearance fees in the Carling Knockout (R250,000) and Nedbank Cup (R250,000) competitions. And depending on how far they go in each competition, they stand to make a lot of money. The first prizes for the two cup competitions are R6,6m and R7m, respectively. Even better, and potentially a marketing hook for sponsorship, Orbit's promotion means they have finally gave North West a club in the Premiership after a seven-year wait. The province is home to valuable minerals, including gold and platinum, and the mining industry is thriving with several companies operating. After a decade in the ABC Motsepe League, the third tier, Orbit only earned promotion to the MFC two seasons ago. The Mswenko Boys finished second behind Durban City in the MCF to qualify for the playoffs, while Durban earned automatic promotion to the Premiership. Captain Atisang Batsi said they knew their time had come to win promotion. "We said at the beginning of the season that this is our time and we made it," Batsi told SuperSport TV after the game at Olympia Park in Rustenburg. "It means a lot to us, when we started the season, it was a little bit bad but when the season continued we became better. We are looking forward to playing in the Betway Premiership next season." With the promotion done, Orbit will start their preparations for the Premiership where they will have to strengthen the team with experienced players.
IOL News
6 hours ago
- IOL News
Delron Buckley spearheads Arminia Bielefeld's mission for youth empowerment in South Africa
The celebrated German football club Arminia Bielefeld will bring a delegation to Johannesburg to embark on a mission of youth empowerment in South Africa and international partnerships. At the forefront of the delegation will be former Bafana Bafana left-wing Delron Buckley, who spent two seasons at Arminia Bielefeld before being signed by rivals Borussia Dortmund. Arminia has had strong ties with other Bafana Bafana players such as Rowen Fernández, Sibusiso Zuma, and Siyabonga Nkosi over the years. The agenda for the trip, which starts on Monday and continues until Thursday, includes an array of community-focused activities, signalling a commitment beyond mere sport. A scheduled training session at the Bolobathaba Academy will see local youth engage with Arminia staff, bringing together valuable practices from Europe and South Africa. The academy, known for its dedication to the development of young athletes, is perfectly positioned to fulfil the club's objectives. Included in the delegation areArminia Bielefeld managing director Christoph Wortmann, alongside Nico Luft, director of sales. Wortmann said the initiative is not just about football; it strives to deepen youth development, foster educational endeavours, and create substantial international partnerships. Arminia Bielefeld will work closely with club ambassador Buckley, whose influence and connection to both communities serve as the impetus for this collaborative effort. Furthering the investment in youth education, the visit features a coaching workshop dedicated to grassroots and youth coaches, focusing on modern player development strategies. It will enhance the coaching skills of local leaders and promote sustainable practices within their communities. Additionally, the delegation plans to host an after-work networking event where members of Johannesburg's business community, NGOs, and sports organisations can engage in dialogue. This collaboration aims to forge new economic opportunities and nurture relationships that may yield future sponsorship and investment prospects. Wortmann highlighted Buckley's vital role in connecting South African youth with European expertise: 'Delron Buckley embodies the connection between South Africa and Arminia Bielefeld like no one else. We're proud to work with him on initiatives that go far beyond football – by empowering young people, supporting education, and building lasting bridges between continents.' As one of Germany's most esteemed football institutions, Arminia Bielefeld, founded in 1905, has always directed its efforts towards a broad spectrum of social and international initiatives. The club remains dedicated to promoting education, inclusion, and cross-border cooperation through sport, exemplifying how the game can be a catalyst for change. This summer, Arminia Bielefeld is not just kicking off community initiatives in South Africa; they're sowing the seeds for a brighter future in youth football and education.
The Citizen
6 hours ago
- The Citizen
REVIEW: Lego's Speed Champions F1, an adrenaline build
Speed Champions basically puts racing car lovers in the driver's seat. With Formula One fever revving up in South Africa, with a grand prix expected possibly in 2027, the country is lapping up racing merchandise, including Lego's Speed Champions F1 cars. As a massive F1 fan, I was excited to hear of the partnership between F1 and Lego when it was unveiled in November 2024. F1 If you love to build, the Lego Speed Champions F1 cars will heighten your F1 fever and tenacity to be a kid again as excitement builds in South Africa for lineup of Red Bulls Max Verstappen, Ferrari's Lewis Hamilton and McLaren's Lando Norris on the starting grid. With lots of parts, techniques and a large array of drivers and sponsors, Lego has gone all out with this review starting with a…..NEEEEEEEEOOOOOOOWWWWWWW! The Lego Speed Champions feature F1 cars currently racing on the Formula One circuit and with a F1 Grand Prix possibly being held in South Africa in 2027, these racers are getting a lot of attention., Speed Champions basically puts racing car lovers in the driver's seat with realistic vehicle models from familiar racing competitors. ALSO READ: Lego Formula One cars at Miami Grand Prix ignite F1 fever in SA Build I found the cars easy to build and not particularly challenging. If you work really fast, you can build the F1 car of your choice in 30 to 60 minutes. Each set consists of six bags in total, with the build completed in three separate sections. In addition, each set comes with a plethora of stickers which replicate the true F1 car as they are all covered in sponsors to help promote the team. Small While speed is the essence of F1 cars, no pun is intended when I say that the sets were a quick build and somewhat slightly faded the brain teaser of where the next part goes. All 10 current F1 team constructors are represented. Individually, each car is not a big build. The Ferrari, for example, is just 275 pieces, while the Mercedes is 267. The cars themselves are also quite small, coming in at 20cm in length and only 8cm wide. When you compare these measures to their Lego Technic counterparts, such as the McLaren Technic set, they are considerably smaller, which is a bit disappointing. However, this is particularly beneficial for storage reasons, as they take up less space on the shelf, allowing for more room for Lego. Availability and pricing Although I have only experienced three of the 10 builds, these sets are a must for every F1 fan, albeit some very minor issues including under-detailed racing suit and the price is a bit high, but the high level of detail goes some way to justify the asking price. Lego's Speed Champions F1 cars include Ferrari, Mercedes, Alpine, Williams, Haas, McLaren, Aston Martin, Red Bull, Sauber and Visa Cash RB. They retail for R499 each. ALSO READ: WATCH: Hot Wheels unveils die-cast F1 car for Brad Pitt's F1 movie
